Sourcing Manager

TD Bank   •  

South Portland, ME

Industry: Accounting, Finance & Insurance


8 - 10 years

Posted 166 days ago

This job is no longer available.


Job Description

The Sourcing Manager manages the day-to-day execution of sourcing mandate andcategory management for assignedportfolios.


• Assists the Senior Category Manager to support business partners.
• Manages category and strategic sourcing strategies that support TD and business partner needs and objectives as well as help to mitigate risks to business and TDBFG.
• Provides guidance on outsourcing governance best practices.
• Contributes to TDBFG’s target savings while meeting the needs of internal business partners.
• Monitors supplier contract value and category spend compliance.
• Manages/leads/develops a team of specialists/professionals to ensure succession and staffing needs are addressed by recruiting, training, coaching and conducting performance assessment of team members.
• Develops demand management strategies for category specialty (spend analytics, identify spend efficiencies and sourcing opportunities) and category value optimization strategies (total cost of ownership analytics and optimization, supply chain quality improvements, cost modeling, procurement related economics & financial analysis).
• Monitors supplier contract value and category spend compliance.
• Supports the development and implementation of North American category strategies employing category management best practices.
• Conducts market intelligence activities for category specialty Industry, supply market and supply chain research and analytics, category sourcing and outsourcing trends and best practices.
• Develops sourcing strategies and with oversight of Senior Category Manager, manages strategic sourcing activities.
• Leads sourcing initiatives including requirements gathering, supplier/solutions evaluation and supplier selection activities.
• Leads contract negotiations with external suppliers and internal stakeholders.
• Ensures sourcing process and supplier contracts deliver maximum quality, at service levels and/or price points that meet business partners’ requirements.
• Facilitates the vendor selection process working as a team with Associates and Analysts.


• 4 Year Degree or equivalent experience
• 7+ Years of related experience
• Must have relevant management/supervisory experience in order to effectively manage/develop staff.
• Must have excellent negotiating and influencing skills to be utilized during internal and external negotiations.
• Must have strong Relationship Management skills, Negotiation skills, Project Management experience.
• Strong presentation skills and strong analytical skills.
• Specialized knowledge required to negotiate and assess vendors on behalf of the Bank.
• Must have general knowledge of Strategic Sourcing lifecycle.
• Must have general knowledge of the TD Bank organizational structure, including the main business groups and their functions, key contact points, etc.
• Proficiency with applications: Excel, Word, PowerPoint and/or other office tools.
• May berequired totravel to various business unit/clientlocations.


At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.